Item 4EITEM 4E Resolution No. 07-047 Approve and authorize publication of notice of intention to issue certificates of obligation
Background
On November 16, 2004, Resolution No. 04-074 approved
Grand Avenue 380 Agreement
Grand Avenue Developer’s Agreement
Requirements for reimbursement
$74.1 million taxable value
Resolution No. 07-047
Initial step to issue certificates of obligation
Resolution will
Establish the maximum amount of bond ($7,000,000);
Authorize the publication of a notice in the newspaper;
QUESTIONS? Contact Sharen Jackson